Eva Bradley's Blog » attorneys http://evabradleyrealtor.com Realty World - Corral Hollow Real Estate 104 W 10th Street Tracy, Ca 95376 Tue, 30 Aug 2011 19:14:54 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Attention Homeowners! http://evabradleyrealtor.com/2009/10/14/attention-homeowners/ http://evabradleyrealtor.com/2009/10/14/attention-homeowners/#comments Wed, 14 Oct 2009 21:57:51 +0000 Eva Bradley /?p=77
Cropped image of Arnold Schwarzenegger.
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This came just a minute ago from Cliff Cooler, the CEO of Central Valley Association of Realtors:

ADVANCE FEES FOR LOAN MODIFICATIONS NOW PROHIBITTED

“On October 11, 2009, Governor Schwarzenegger signed Senate Bill 94 (Calderon), and the legislation took effect immediately upon his signature. Thus, California law now prohibits any person, including real estate licenses and attorneys, from demanding or collecting an advance fee from a consumer for loan modification or mortgage loan forbearance services affecting 1 – 4 unit residential dwellings.”

Unfortunately, this came just a little too late for some homeowners, who already paid thousands of dollars modifying their loan, but it never got done…

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